We believe that how we work is as important as what we do. Our governance policies are designed to make sure that we build value responsibly, mindful of our responsibilities to all the stakeholders where we operate. We expect all officers, directors, employees, and contractors to follow the principles set out in our Code of Business Conduct and Ethics.
The board of directors is responsible for setting the Company’s overall strategy, ensuring compliance with our code of conduct, and financial oversight. Four of the board’s seven directors are independent: David Laing, Lawrence Lepard, Rostislav Raykov, and Antenor Silva. Rowland Uloth is not independent because he was previously Executive Chairman. David Birkett is not independent, because Amarillo is a client of Stratus Aeronautics, where he is a senior officer. Mr. Mutchler is not independent because he is the Amarillo’s President and Chief Executive Officer.
The board, which typically meets 12 times a year, largely exercises its independent oversight through meetings and four committees: audit, compensation, nominating and governance, and sustainability.